Editorial comment ///

In the last 10 years, the rules under which all things are traded have changed considerably. Many would argue that these changes are responsible for the bubbles in prices for commodities, housing and a host of other “hockey sticks”—you know, those graphs that tread along for decades more or less at one level, then suddenly climb upward, forming a hockey stick—of the sort that we’ve seen in the last six years. Well, if the politicians follow through with their plans, the rules in trading and related banking practices will soon change radically. And it won’t matter whether you are reading this in the USA or are one of our 24 readers in Mongolia; you will be affected. Here’s the plan.

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